| In an effort both to identify cost savings amid the nation's growing debt crisis and to give federal lawmakers more credibility in addressing related financial issues, Griffin and Rep. Mike Coffman (R-Colo.) have recently introduced separate proposals for the elimination of pension benefits for members of Congress... Members of Congress are eligible for a combination of retirement benefits, including Social Security and a pension plan called the Civil Service Retirement System (CSRS).
Like other federal employees, lawmakers' pensions are financed through a combination of employee and employer contributions, according to a 2011 open source Congressional Research Service report studying retirement benefits. [Many Congressional conservatives DO NOT favor the legislation requiring their personal sacrifice to the surprise of few.] |
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At thehill.com
At thehill.com
